document.write( "Question 1016960: A particular style of sunglasses costs the retailer $80 per pair. At what price should the retailer mark them so he can sell them at a 20% discount off the selling price and still make 30% profit on his cost? \n" ); document.write( "
Algebra.Com's Answer #633308 by Theo(13342)![]() ![]() You can put this solution on YOUR website! the equations used would be:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "p = s - c\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "this means profit = sale price minus cost\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "s = .8 * m\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "this means sale price is 80% of the markup price. \n" ); document.write( "sale price is 80% of the markup price because if you subtract 20% of the markup price from the markup price, you are left with 805 of the markup price.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "p = s - c becomes:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "p = .8 * m - c\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "you know that p = .3 * c\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "that means that the profit is equal to 30% of the cost.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "p = .8 * m - c becomes .3 * c = .8 * m - c\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "add c to both sides of this equation to get .3 * c + c = .8 * m\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "combine like terms to get 1.3 * c = .8 * m\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "divide both sides of this equation by .8 to get (1.3/.8) * c = m.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "solve for m to get m = (1.3/.8) * c = 1.625 * c.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "you know that c = 80, therefore m = 1.625 * 80 = 130.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "the markup price needs to be 130 dollars. \n" ); document.write( "the sale price is 20% off of the markup price. \n" ); document.write( "this makes the sale price equal to 130 - 26 = 104 dollars. \n" ); document.write( "the cost is 80 dollars. \n" ); document.write( "the profit is 104 - 80 = 24 dollars. \n" ); document.write( "24/80 = .3 = 30% of 80. \n" ); document.write( "the profit is 30% of the cost.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |